Managers / Q2 2021 · view latest →
IvyRock Asset Management (HK) Ltd
CIK 0001809525 · SUITE 3007, COSCO TOWER, 183 QUEENS ROAD CENTRAL, SHEUNG WAN, K3, 0000 · 85226200482
Summary
Ivyrock Asset Management (Hk) Ltd reported $194M in U.S.-listed holdings across 12 positions for Q2 2021.
The portfolio is heavily concentrated: FUTU alone accounts for 43.5% of reported value.
Compared with Q1 2021, the fund opened 2 new positions and exited 2.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ADR · 74.5% · $145M
- Common Stock · 18.9% · $37M
- Other · 6.6% · $13M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| COINCOINBASE GLOBAL INC | NEW | +60.4K | 60.4K | +$15M | $15M |
| VIPSVIPSHOP HOLDINGS LIMITED | NEW | +330.0K | 330.0K | +$7M | $7M |
| PUXIN LTD | SOLD OUT | −395.1K | 0 | −$2M | $0 |
| BIDUNBAIDU INC | SOLD OUT | −1.6K | 0 | −$348,000 | $0 |
| BILIBILIBILI INC | ADDED | +10.0K | 26.4K | +$1M | $3M |
| KLICKULICKE & SOFFA INDS INC | TRIMMED | −3.5K | 4.5K | −$117,000 | $276,000 |
| ZTOZTO EXPRESS CAYMAN INC | ADDED | +120.0K | 420.5K | +$4M | $13M |
| SESEA LTD | TRIMMED | −700 | 2.0K | −$50,000 | $563,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2021
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | FUTUFUTU HLDGS LTDhistory → | SPON ADS CL A | 43.46% | $84M | 470.8K |
| 2 | PDDPINDUODUO INChistory → | SPONSORED ADS | 14.97% | $29M | 228.7K |
| 3 | UPWKUPWORK INChistory → | COM | 10.83% | $21M | 360.4K |
| 4 | COINCOINBASE GLOBAL INChistory → | COM CL A | 7.88% | $15M | 60.4K |
| 5 | ZTOZTO EXPRESS CAYMAN INChistory → | SPONSORED ADS A | 6.58% | $13M | 420.5K |
| 6 | NEW ORIENTAL ED & TECHNOLOGY | SPON ADR | 5.82% | $11M | 1.38M |
| 7 | BABAALIBABA GROUP HLDG LTDhistory → | SPONSORED ADS | 4.16% | $8M | 35.6K |
| 8 | VIPSVIPSHOP HOLDINGS LIMITEDhistory → | SPONSORED ADS A | 3.42% | $7M | 330.0K |
| 9 | BILIBILIBILI INChistory → | SPONS ADS REP Z | 1.66% | $3M | 26.4K |
| 10 | HYWIN HLDG LTD | ADS | 0.78% | $2M | 200.0K |
| 11 | SESEA LTD | SPONSORD ADS | 0.29% | $563,000 | 2.0K |
| 12 | KLICKULICKE & SOFFA INDS INC | COM | 0.14% | $276,000 | 4.5K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $178M | 25 | May 7, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $190M | 23 | Feb 11, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $233M | 20 | Nov 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $217M | 13 | Aug 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $213M | 17 | May 7, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $226M | 23 | Feb 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $228M | 22 | Nov 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $235M | 21 | Aug 9, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $215M | 20 | May 7, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $201M | 18 | Feb 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $192M | 16 | Nov 7, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $172M | 17 | Aug 8, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $195M | 18 | May 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $179M | 16 | Feb 7, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $129M | 12 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $158M | 14 | Aug 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $138M | 14 | May 6, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $87M | 10 | Feb 4, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $106M | 10 | Nov 5, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $194M | 12 | Jul 30, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $154M | 12 | Apr 28, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $162M | 11 | Feb 5, 2021 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.